The last ten years of my professional career has been spent in the financial services industry--either at investment firms or at a financial publishing company.
It was extremely difficult to work all day, interacting with individuals who had lots of money, and then go back to my "community" and see the poor financial state that most of us were in.
As a result, I started a financial principles course at my church through the Community Refuge Education and Recreation Center (a non-profit organization). It is my belief that biggest distinction between the "haves" and "have-nots" is their level of financial literacy.
Folks who don't have money typically don't understand money.
Notice my use of the word 'have'. When I say 'have', I am referring to how much money a person KEEPS. What sense does it make to bring in a boatload of money (income) but have nothing left at the end of the day?
The only way to keep it (so that the money can continue working for you) is to have a good understanding of what money is, and how it works.
Please do whatever you can to increase your financial literacy.
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Amen to that! It's about time that someone is starting to get the BIG picture. Money is nothing more than a means of exchange. Here's where the challenge lies, what are you getting an exchange for your money? For so many years I was under the misconception that the wealthy just had better jobs or were born with silver spoons. Quite the contrary is the fact that a lot of wealthy individuals had to acquire there wealth from dollar 1.
The secret to obtaining wealth, which is not taught in our school systems, is that you have to get to the point that your money works for you and, not you working for your money.
Now many of us have heard this statement but how many of us were taught how to apply this to our everyday lives. The fact still remains that you will always be a couple of checks away from broke if you do not learn how to make your money work for you.
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